China exports in May fall 3.3% year-on-year; imports shrink 16.7%

FILE PHOTO: A cargo ship carrying containers is seen near the Yantian port in Shenzhen, following the novel coronavirus disease outbreak, Guangdong province, China May 17, 2020. REUTERS/Martin Pollard

BEIJING - China’s exports in May fell a less-than-expected 3.3% compared with a year earlier, but imports plunged 16.7%, customs data showed on Sunday. Analysts in a Reuters poll had forecast exports would tumble 7% from a year earlier after a 3.5% gain in April.China posted a trade surplus of $62.93 billion last month, compared with the poll’s forecast for a $39 billion surplus and $45.34 billion surplus in April.

Good!!!They deserve it. This virus will be the curse and the beginning of the end of the great China

CCPChina is not having shame nor they are sorry. World is equipping a authotorian regime for their own perils. Requesting all world citizens to BoycottChineseProduct BoycottChineseApp BoycottChina as lack accountability of 400K deaths & 6.5 millions half dead(immunity low)

You know all those blank spots on store shelves. We maybe about to get an education on how much of our everyday things come from China.

Fake numbers, fake news, fake medical equipment. Why am I knowing? Cuz They are starting economy by vendor.

Very good trend, China exports will dip 10 percent by year end as more people from india shun Chinese products due to Chinese attack on India. USA and Europe and Australia also trying to reduce import from China. People are fearing to touch anything from China.

All good, we're still moving goods but we have stopped the growth based economy that was killing us. Imagine a new restart!

fall？shrink? Are you serious? I am watching TV now, both are rising.......

If this data was provided by CCPChina, I want to remind you that CCPChina also said no one died in TiananmenSquareMassacre

一个中文看不懂的人却在评论中国.借机会转型内销.懂不懂.13亿人口的市场呢。都给你们这些老外？

Baltic Dry....dry

China is not the problem t.rump is. Resign t.rump resign

BoycottChina BoycottChineseProduct

Is this data given by China? If yes than for sure add atleast 2-3% more to it as they never reveal correct data.

Excellent.

It looks it's happening all over the world.

Yeah bcus lots of exports are fake

The beginning of the end

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China May exports seen tumbling as coronavirus hits demand; imports fall: Reuters pollChina's exports likely tumbled in May after a surprising rebound the previous month as global coronavirus lockdowns continued to devastate demand, but imports showed some signs of improvement as Chinese manufacturers got back on their feet, a Reuters poll showed on Friday. Many ordinary consumers are boycotting Chinese products now due to pushy behaviour with Australia as well as in the Pacific Islands prior COVID19 The face of China🇨🇳
Source: Reuters - 🏆 2. / 97 Read more »

Dow Jumps 750 Points After U.S. Economy Adds 2.5 Million Jobs In MayEmployment data stunned Wall Street with a record number of jobs added to the economy last month. What Morons, PPP money paid employee's to do nothing. I had 8 weeks to spend the money. Now money gone so are the jobs. Restaurants are in bad shape. Real Bad. Rich crooks cashing in on hardship 13 mil people of work hooray!! The others are still flat Hello what's sur name
Source: Forbes - 🏆 394. / 53 Read more »

May sees biggest jobs increase ever of 2.5 million as economy starts to recover from coronavirusNonfarm payrolls in May were expected to decrease by 8.333 million while the unemployment rate was seen rising to 19.5%, according to economists surveyed by Dow Jones. Mike_Pence Zzzzzzzzzzzz Its a tribute to American will power. Trump is an incompetent moron at best.
Source: CNBC - 🏆 12. / 72 Read more »

Lionsgate Announces June 24 Re-Opening of China Theme ParkLionsgate has set a June 24 re-opening of its Chinese theme park, which has been closed due to the COVID-19 pandemic. The Lionsgate Entertainment World, touted as the world’s first “vertical”…
Source: Variety - 🏆 108. / 63 Read more »

Breakingviews - Corona Capital: BoE financing, China Nasdaq IPOFrom Breakingviews: Concerns about the Bank of England’s corporate financing facility are misplaced and a Chinese upstart makes the increasingly perilous journey to a U.S. listing. Catch up with the latest financial insights
Source: Reuters - 🏆 2. / 97 Read more »

Here's why the May jobs report shocked economists expecting near-record unemployment - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Hello! Guys, I will increase your business product on social media marketing. Order now Cognitive Dissonance at CNN 🤯 Hmm, are these China-style statistics our government agencies are producing? Like the ones that show year after year of 6% growth? I hope the US isn't doing any of that.
Source: BusinessInsider - 🏆 729. / 51 Read more »